Afriland Properties MD charges developers , investors on facility management
Adeyemi Adeleye
The Managing Director, Afriland Properties Plc, Mrs Uzo Oshogwe, on Saturday urged developers and investors to incorporate facility management in their projects to grow the real estate industry in Nigeria .
Oshogwe , in an interview with newsmen in Lagos said, proper management of facility yields appreciable profit on assets.
” The only way a facility can remain attractive to a clients is if it is consistently optimised to meet their needs over time.
“You cannot expect renewals or increased rent on your assets if the services you offer are not commensurate with clients’ satisfaction.
“To drive efficiency and cost-efficient operations, facility managers are a must-have in any corporate real estate development that intends to maximize its potential, ” she said.
According to her, facility managers are the heartbeat of corporate real estate but most unfortunately, facility management is one of the most ignored functions in real estate management.
The managing director said : ” In today’s world where you find investors spending huge sums of money on developing prime real estate assets, it is surprising to discover that many of these developments have little or no facility management services.
” This can be compared to buying a very expensive automobile and getting unreliable hands to carry out its maintenance. Definitely, it will end in the destruction of the vehicle .
Oshogwe noted that quality facility management service is the difference between defining a real estate investment as an asset or a liability.
She stated that when a facility is well managed, it becomes an asset in the balance sheet because its value will keep appreciating.
The real estate expert said on the contrary, if a facility is improperly managed , it will constantly drain revenue and consequently becomes a liability which no investor or developer will want to acquire .
Afriland Properties Plc has diverse properties under its facilities management portfolio including Afriland Towers on Broad Street, Lagos and the recently commissioned Heirs Towers in Victoria Island, Lagos.
Afriland Properties Plc is a facilities management, property management, investment, and development company, offering end-to-end services along the real estate value chain, from management to joint-venture investments.
